Paysafecard Mastercard, myPaysafe and the PIN: Which One Can You Sell?
· 2 min read
Short answer: The Paysafecard PIN is a prepaid voucher: a 16-digit number that carries the value and can be sold. myPaysafe is an optional online account for managing PINs. The Paysafecard Mastercard is a prepaid card linked to a myPaysafe account in some countries, tied to its owner. When you sell a Paysafecard for naira on KWIQ, it's the PIN voucher you sell, not an account or a card in someone's name.
Search for Paysafecard and you'll see three names: the PIN, myPaysafe and the Paysafecard Mastercard. They sound like the same thing. They aren't, and only one of them is what you sell.
The three, side by side
| Paysafecard PIN | myPaysafe account | Paysafecard Mastercard | |
|---|---|---|---|
| What it is | A prepaid voucher with a 16-digit PIN | An optional online account | A prepaid card linked to a myPaysafe account |
| Who owns it | Whoever holds the PIN | The registered user | The registered user |
| Needs ID? | No, to spend | Registration, under Paysafecard's rules | Yes, as with a bank card |
| Can you sell it for naira? | Yes, on KWIQ | No | No |
Availability and terms vary by country; Paysafecard's website has the details for each.
Why only the PIN is sellable
A PIN voucher has no owner's name on it; the value travels with the number. An account or a card belongs to a person, the same way your bank account does. Buying or selling someone else's account or card details isn't a legitimate trade, and anyone offering them is a red flag; see Paysafecard scams.
Using a PIN without an account
You don't need myPaysafe to spend or sell a PIN. Paying online needs only the PIN (how to use a Paysafecard online), and checking the balance needs only the PIN on Paysafecard's site (how to check a Paysafecard balance).
Selling the PIN on KWIQ
Choose Paysafecard in the app, enter the value and add the card as the app asks. You see the naira amount before you confirm, you're paid once the card is checked, and you can withdraw to any Nigerian bank. Today's rate is on the sell Paysafecard page, and what is Paysafecard covers the basics.
Frequently asked questions
Can I sell a Paysafecard Mastercard?
No. A Paysafecard Mastercard is tied to its owner's myPaysafe account, much like a bank card. What you can sell is a Paysafecard PIN voucher, the 16-digit code.
Do I need a myPaysafe account to sell a Paysafecard?
No. You only need the 16-digit PIN. myPaysafe is optional and mainly helps people who hold several PINs keep track of them.
Someone wants to give me their Paysafecard Mastercard details. Is that OK?
No. Using someone else's card details isn't safe or legitimate, and it isn't something to buy or sell. Stick to PIN vouchers you were genuinely given.
Written by
Mercy Ikeh
Technical Writer at KWIQ
Writes KWIQ’s guides on crypto, payments and keeping your money safe online.
